Beacon Financial Advisory LLC Makes New Investment in First Trust Preferred Securities and Income ETF $FPE

Beacon Financial Advisory LLC bought a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 47,183 shares of the company’s stock, valued at approximately $838,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth approximately $39,000. Ameriflex Group Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 339.3% in the third quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock valued at $43,000 after acquiring an additional 1,832 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter valued at $45,000. Raleigh Capital Management Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 42.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock valued at $46,000 after acquiring an additional 752 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in First Trust Preferred Securities and Income ETF by 91.5% during the 4th quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock valued at $52,000 after acquiring an additional 1,373 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock opened at $17.95 on Friday. The firm has a fifty day moving average of $18.00 and a two-hundred day moving average of $18.11. First Trust Preferred Securities and Income ETF has a 1-year low of $17.54 and a 1-year high of $18.51.

About First Trust Preferred Securities and Income ETF

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum. FPE was launched on Feb 12, 2013 and is managed by First Trust.